16 Mar 2012 13:26
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Strategic Natural Resources
2 Reason for the notification:
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:
Tudor Group Holdings LLC
High Tower Trading LLC
Tudor Global Trading LLC
Tudor International LLC
Tudor Capital (UK) Ltd
Tudor Capital Europe LLP
4. Full name of shareholder(s) (if different from 3.):
The Tudor BVI Global Portfolio L.P.
LBPB Nominees Limited
5. Date of the transaction and date on which the threshold is crossed or reached:
9 March 2012
6. Date on which issuer notified:
15 March 2012
7. Threshold(s) that is/are crossed or reached:
6%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | |
Number of Shares | Number of Voting Rights | |
GB00B1VQ5F36 | 2,083,333 | 2,083,333 |
Class/type of shares if possible using the ISIN CODE | Resulting situation after the triggering transaction | ||||
Number of shares | Number of voting rights | % of voting rights | |||
Direct | Direct | Indirect | Direct | Indirect | |
GB00B1VQ5F36 | 2,083,333 | 1.22% | |||
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction | ||||
Type of financialinstrument | Expirationdate | Exercise/ConversionPeriod | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction | ||||||
Type of financialinstrument | Exerciseprice | Expirationdate | Exercise/Conversionperiod | Number of votingrights instrumentrefers to | % of voting rights | |
Nominal | Delta | |||||
Equity Swap | N/A | N/A | N/A | 6,800,000 (Economic exposure to underlying shares) | 4.00% (Economic exposure to underlying shares) | N/A |
Total (A+B+C)
Number of voting rights | Percentage of voting rights |
Voting rights: 2,083,333 Economic exposure: 6,800,000 Combined exposure: 8,883,333 | Voting rights: 1.22% Economic exposure: 4.00% Combined exposure: 5.22% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Tudor Group Holdings LLC is the parent undertaking of High Tower Trading LLC and Tudor Global Trading LLC. High Tower Trading LLC and Tudor Global Trading LLC are the parent undertakings of Tudor International LLC and Tudor Capital (UK) Ltd.
Tudor International LLC and Tudor Capital (UK) Ltd are the parent undertakings of Tudor Capital Europe LLP.
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
The change of the issuer's capital on 9 March 2012 resulted in a change to the percentage of voting rights held by Tudor Capital Europe LLP ("Tudor"). Tudor has an 8,883,333 shareholding in the company which now equates to a holding of 5.22% of the voting rights.
14. Contact name:
Ben Kitchener
Tudor Capital Europe LLP
Great Burgh
Epsom
Surrey KT18 5XT
15. Contact telephone number:
+44(208) 786-3935